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Here is today's summary of economic development news, a free service of the Economic Development Partnership of Alabama, representing Alabama's private sector investment in economic development.  If you enjoy NewsFlash, thank an EDPA Partner

 

In this issue:
PARCA: Alabama's workforce crisis will return with stronger economy
Two industries, two different job pictures during Bentley's tenure
Teledyne Brown Engineering in Huntsville will build Space Launch System adapter (updated)
Networking, progress to highlight 177th Mobile Chamber Annual Meeting Feb. 4
Guide offers tips on federal grants, loans

 


PARCA: Alabama's workforce crisis will return with stronger economy

on January 31, 2014 

BIRMINGHAM, Alabama - Alabama was facing a workforce crisis in 2007 before the last recession hit and it will face one again if enough isn't done before the economy returns to its former heights.

 

That was the message at the Public Affairs Research Council of Alabama's annual meeting at Birmingham's Harbert Center today where experts and Gov. Robert Bentley added their voices to some of the concerns PARCA has been working to address for the last few years.

 

Bentley said 59,000 jobs have been created in the state since 2011 and some economists predict the state could add another 25,000 more in the next year. The challenge is generating a skilled workforce ready to take on those jobs and the ones that will come after them, Bentley said.

 

more...

 

[al.com]

 

 



Two industries, two different job pictures during Bentley's tenure
Written by Brian Lyman
 Feb. 1, 2014

 

Few sectors have gone in such opposite directions during Gov. Robert Bentley's time in office as manufacturing and construction.

 

According to the U.S. Bureau of Labor Statistics, Alabama's manufacturing sector added 18,000 jobs between January 2011 and last November. Construction, meanwhile, lost nearly 5,000 jobs in that time frame.

 

A look at the opportunities and challenges in both sectors suggests that while there is a role for the government in general - and the governor in particular - to play in job development, there are also economic and demographic factors shaping the industries that are well beyond any individual's control.



more...

 


Teledyne Brown Engineering in Huntsville will build Space Launch System adapter (updated)

on January 31, 2014 

HUNTSVILLE, Alabama - NASA has chosen Teledyne Brown Engineering in Huntsville to build a key adapter that will join parts of the Space Launch System. The contract is worth $60 million.


The Space Launch System is NASA's new heavy-lift, deep space rocket. It is scheduled to fly for the first time in 2017 on an uncrewed test flight and then in 2021 with a crew. Both flights will send an Orion capsule round the moon.

Teledyne Brown will build an adapter connecting the rocket's 27.5-foot diameter core and 16.4-foot diameter cryogenic propulsion stages. The company will design, develop, test, evaluate and certify the assembly and manufacture a test adapter and two flight adapters. There is an option in the contract for a third flight unit.
 
"We are very proud to be able to support NASA in building this critical piece of hardware in Alabama," Teledyne Vice President of Space Systems John Horack said Friday.
 

more...

 

[al.com]

 


Networking, progress to highlight 177th Mobile Chamber Annual Meeting Feb. 4

on January 31, 2014 
 

MOBILE, Alabama - As the Port City shakes off the icy remnants of this week's epic winter storm, the Mobile Area Chamber of Commerce is eager to set its sights on a productive 2014.

 

In turn, the chamber's 177th Annual Meeting - canceled Jan. 29 due to inclement weather - has been rescheduled for Tuesday, Feb. 4 at the Mobile Civic Center.

 

Doors will open at 5 p.m. for a reception, and the program begins promptly at 6 p.m. Once the meeting concludes, attendees will move to the Civic Center arena for one of the area's largest annual business networking events expected to attract more than 1,000 participants.

 

Presented by Trustmark, program highlights include speeches and presentations fromoutgoing 2013 board chairman Mike Saxon with Alabama Power Co. and incoming 2014 board chairman Michael Chambers with Swift Biotechnology LLC.



more...

[al.com]

 

 

 

 


Guide offers tips on federal grants, loans

Staff report | The Tuscaloosa News
 February 1, 2014 

The West Alabama Regional Commission has announced the release of the grant and loan guide for local governments in West Alabama.

 

The guide is a free web-based resource designed to provide counties and municipalities in the West Alabama region with information about available grant and loan programs for community and economic development activities.

 

The guide provides program details on major federal and state programs including agency contacts, award cycles, grant ceilings, matching requirements and eligibility factors. The guide is updated annually and posted at http://warc.info/planning-a-development/documents.

 

more...

 

[Tuscaloosa News]

 

 

 

 




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